Deccan Region Today
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Business
AP Attracted Rs 29.30 Lakh Crore Investments in Two Years, Says Lokesh
Andhra Pradesh has attracted investment proposals worth Rs 29.30 lakh crore through 1,037 industrial projects over the past two years, with the potential to generate employment for 24.66 lakh people, Minister Nara Lokesh said on Thursday. Chairing a meeting of the ministers' committee on the government's target of creating 20 lakh jobs at Undavalli, Lokesh directed officials to closely monitor all approved industrial projects and ensure they are grounded without delay.
Andhra Pradesh Signs MoU with UAE Food Cluster to Boost Food Processing and Exports
In a significant move to strengthen its food processing industry and export ecosystem, the Andhra Pradesh Economic Development Board (AP EDB) has signed a Memorandum of Understanding (MoU) with a UAE-based food cluster organisation. The partnership aims to promote investment, expand trade, and enhance exports from Andhra Pradesh’s food processing sector.
Business
Mahindra Lifespaces, Sumitomo expand Chennai industrial park partnership
Mahindra Lifespace Developers Ltd (MLDL), the real estate and infrastructure development arm of the Mahindra Group, and Japan's Sumitomo Corporation have expanded their partnership to develop the next phase of Origins by Mahindra, an industrial and logistics park in Chennai. The agreement has been signed between Sumitomo Corporation and Mahindra World City Developers Limited (MWCDL), an 89:11 joint venture between Mahindra and the Tamil Nadu Industrial Development Corporation Limited (TIDCO).
Geopolitics
Sri Lanka Arrests Nine Indian Fishermen, Seizes Trawler
At least nine Indian fishermen were arrested, and their trawler seized for allegedly poaching in Sri Lankan waters, the island nation's Navy has said.The fishermen were fishing in the island nation's waters north of Talaimannar after crossing the International Maritime Boundary Line, the Navy said. The arrests come amid continuing tensions over the fishermen issue, a long-standing irritant in India-Sri Lanka ties.